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In an attempt to generate more tax revenue, the Obama administration and the IRS have angered and encouraged all world banks to drop their U.S. dollar holding clients by October 1st, and systematically usher the collapse of the U.S. Dollar.It's no secret, China, Iran, Russia, India, Brazil, Japan, and other nations have started bilateral agreements to trade with one another, OUTSIDE the use of U.S. dollars.
As of July 1st. 2014, foreign financial institutions ("FFI") have agreed to file Quarterly Reports directly to the IRS-the first report is due October 1st. The reports include, ALL financial accounts assets, bank accounts, securities accounts, annuity contracts, rental properties, insurance contracts, pension plans, trusts and private investments in companies and partnerships.Guilty, until proven innocent: Foreign nations and financial institutions will need to prove they 're not concealing U.S. clients (including green card holders). They will have to provide the IRS access to ALL their clients, including their own citizens. Foreign nations and financial institutions are infuriated at the overreaching of the U.S. "Empire."
Comment: And may we add to this latter statement that it is with their own precious money that the American government sustains Israel's massacres.